Sales Tax Act

The Sales Tax Act, 1990
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(Sales Tax Act, 1990, as on Oct, 28, 2009)
(The amendments through the Finance Act, 2009, have been shown in Red)
And
(The amendments through the Finance (Amendment) Ordinance, 2009, have been shown in Green)
The Sales Tax Act, 1990
(Act No. III of 1951 as Amended by Act VII of 1990)
…………………………………………………………………………………………………………………………..
Updated vide Finance Act, 2009 and Finance (Amendment) Ordinance, 2009.
By
Hamid Hussain,
Joint Director,
Sales Tax & Federal Wing,
Federal Board Revenue,
Islamabad.
The Sales Tax Act, 1990
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Contents
Chapter I…………………………………………………………………………………………6
PRELIMINARY……………………………………………………………………………………6
1. Short title, extent and commencement. ……………………………………………………….6
2. Definitions…………………………………………………………………………………..………….6
Chapter-II……………………………………………………………………………………..17
SCOPE AND PAYMENT OF TAX………………………………………….17
3. Scope of tax.—…………………………………………………………………………………………..17
3A. Omitted……………………………………………………………………………………………………18
3AA. Omitted………………………………………………………………………………………………..18
3AAA. Omitted……………………………………………………………………………………………..18
3B. Collection of excess sales tax etc.―………………………………………………………….18
4. Zero rating.—…………………………………………………………………………………………….18
5. Change in the rate of tax.—……………………………………………………………………….19
6. Time and manner of payment.―………………………………………………………………..20
7. Determination of tax liability.―………………………………………………………………….20
7A. Levy and collection of tax on specified goods on value addition…… 21
8. Tax credit not allowed.—…………………………………………………………………………..22
8A. Joint and several liability of registered persons in supply chain where tax unpaid.–…..22
8B. Adjustable input tax………………………………………………………………………………….23
9. Debit and credit note.—…………………………………………………………………………….23
(10). Refund of input tax………………………………………………………………………………….24
11. Assessment of Tax.―……………………………………………………………………………….24
11A. Short paid amounts recoverable without notice.–………………………………….25
12. Omitted…………………………………………………………………………………………………….26
13. Exemption.―……………………………………………………………………………………………26
Chapter-III……………………………………………………………………………………27
REGISTRATION………………………………………………………………………….27
14. Registration. –…………………………………………………………………………………………..27
15. Omitted…………………………………………………………………………………………………….27
16. Omitted…………………………………………………………………………………………………….27
17. Omitted…………………………………………………………………………………………………….27
18. Omitted…………………………………………………………………………………………………….27
19. Omitted…………………………………………………………………………………………………….27
20. Omitted…………………………………………………………………………………………………….27
21. De-registration, blacklisting and suspension of registration.—…………………27
Chapter-IV…………………………………………………………………………………….28
BOOK KEEPING AND INVOICING REQUIREMENTS………28
22. Records.–………………………………………………………………………………………………….28
23. Tax Invoices.-…………………………………………………………………………………………..29
24. Retention of record and documents for five years.-………………………………….29
25. Access to record, documents, etc.-……………………………………………………………30
25A. Drawing of samples.-……………………………………………………………………………..31
The Sales Tax Act, 1990
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Chapter-V………………………………………………………………………………………32
RETURNS……………………………………………………………………………………32
26. (****) Return.–…………………………………………………………………………………………32
26A. Omitted…………………………………………………………………………………………………33
27. Special Returns.–……………………………………………………………………………………..33
28. Final Return.-…………………………………………………………………………………………